Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING (Details Narrative)

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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING (Details Narrative) (USD $)
3 Months Ended 23 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 16, 2010
Dec. 31, 2010
BIG Spinoff Agreement
Mar. 31, 2013
Warrants
Mar. 31, 2013
Common Stock Issuable
Description of merger agreement with EClips Mediat Technologies      

 

On the effective date of the Merger, (i) each issued and outstanding share of common stock of the Company was converted into two (2) shares of EClips Media common stock, (ii) each issued and outstanding share of Series D preferred stock of the Company was converted into two (2) shares of EClips Media Series A preferred stock and (iii) the outstanding shares of EClips Media Common Stock held by the Company were retired and cancelled and resuming the status of authorized and unissued EClips Media common stock. The outstanding 6% convertible debentures of the Company were assumed by EClips Media and converted into outstanding 6% convertible debentures of EClips Media. All options and rights to acquire the Company’s common stock, and all outstanding warrants or rights outstanding to purchase the Company’s common stock, were automatically converted into equivalent options, warrants and rights to purchase two (2) times the number of shares of EClips Media common stock at fifty (50%) percent of the exercise, conversion or strike price of such converted options, warrants and rights. Trading of the Company’s securities on a 2:1 basis commenced May 17, 2010 upon approval of the FINRA. All shares and per share values are retroactively stated at the effective date of merger.

     
Shares cancelled         30,000,000    
Exploration cost $ 5,000 $ 10,949 $ 277,195        
Antidilutive securities excluded from earnings per share calculation           36,750,000 6,867,640